A disgruntled seller in a low float stock (12M) has taken IENT down and created real buying opportunities. IENT merged with Great Outdoors LLC last Nov and Danny Hammett, creator of Big Game Hunter for Cabelas
and former VP at Activision (ATVI - $14.39) is the new CEO. He has taken 3 companies to the NASDAQ and that is his goal with IENT.
News Out: IENT Outdoor Game Universe New Product Development Source
iEntertainment Network Inc., (OTC: IENT) www.IENT.com, announces an agreement with a domestic game development studio to assist with the development of the IENT Outdoor Game Universe for all Internet-connected devices including PCs, mobile phones, and tablets. This company, with extensive experience developing successful outdoor-themed games, has agreed to a basic contract with IENT and development is underway. A final comprehensive contract is being formalized with aggressive delivery dates for first release of the Outdoor Game Universe product within the next few months.
This developer has made numerous outdoors-themed games, many of which integrate key sponsorships from leading manufacturers, including Remington and John Deere. IENT will leverage this experience to develop a series of outdoors-themed online games integrating real-life products from numerous key outdoor industry sponsors.
The initial Outdoor Game Universe product is planned to include target competition events with Remington guns and Bear Archery bows. Customers will be able to log in and compete against other players online for real-life prizes provided by our sponsor partners.
IENT generates revenues from sponsor contracts for their product placement in the Outdoor Game Universe and from micro-transaction purchases by players. Players can buy upgrades to their guns or bows, purchase bullets and arrows for online competitions, and purchase additional items like camouflaged clothing, sights for their weapons, hats, quivers, stabilizers, and over 300 different items upon initial release.
To foster long-term customer relationships, the Outdoor Game Universe will be continually enhanced and expanded. IENT expects to have an ongoing relationship with this developer to continue to create additional events for the Outdoor Game Universe including fishing, ATV racing, and over 30 other outdoors events.
IENT current revenue products, WarBirds 2013 and M4 Tank Brigade, have been recently updated including two new terrains, Korea (Jet Arena) and Japan. New Mac versions of these products have also been recently released for online revenues.
IENT current websites include www.M4TankBrigade.com, www.TotalSims.com (WarBirds 2013), and www.IamGame.com.
